About Engineering Software
Engineering software automates the process and operations involve in engineering be it for learning or actual engineering and designing work. The engineering software consists of CAD software, CAE software, CAM software, AEC software, and EDA software. It provides scalable, secure, and ease of deploying the services in less time, ensuring quality, performance, and keeping pace with technological advancement.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Engineering Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Autodesk, Inc. (United States), Bentley Systems Incorporated (United States), SAP SE (Germany), Dassault Systemes (France), IBM (United States), Siemens Industry Software Inc. (United States), ANSYS, Inc. (United States) and Accenture plc (Ireland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Engineering Software market by Type (Computer-Aided Designing (CAD) Software, Computer-Aided Engineering (CAE) Software, Computer-Aided Manufacturing (CAM) Software, Architecture, Engineering, and Construction (AEC) Software and Electronic Design Automation (EDA) Software), Application (Design Automation, Plant Design, Product Design & Testing, Drafting & 3D Modeling and Others) and Region.
On the basis of geography, the market of Engineering Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Engineering, the sub-segment i.e. Civil Engineering will boost the Engineering Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud-based will boost the Engineering Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Engineering Companies {Civil, Mechanical, Electrical, Others} will boost the Engineering Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of CAD Engineering Software and The Introduction of Software for Every Branch of Engineering with Artificial Intelligence for Better Learning and Working Experience
Market Growth Drivers:
Demand for Automation in Various Types of Enineering Operations and Need for Keeping Pace with Technological Advancements
Challenges:
Troubleshooting and Diagnostics Related Issues with Engineering Software
Restraints:
Connectivity and Resources Related Problem Might Impact the Engineering Software Market
Opportunities:
Rising Demand for Engineering Software From Engineering Students Around the World for Practical Knowledge and Enhanced Learning
On 10th March 2020, Accenture has agreed to acquire ESR Labs, a Munich-based company that develops embedded software for leading German car brands and suppliers. The acquisition will expand Accenture’s capabilities to help its automotive clients drive greater value from the software. Embedded software is the code running on the electronic units that control a vehicle’s functions. Writing it requires a scarce set of experience and skills that the more than 130 software engineers and software architects from ESR Labs will bring to Accenture.
Key Target Audience
Engineering Software Developers, Engineering Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.